Calcium silicate insulating materials: market size. Starting at $239. By 2020, the global calcium silicate insulation material market will reach 93 million U.S. dollars and is expected to reach 403 U.S. dollars. It will reach 08 million by 2028. According to our analysis, the market is expected to grow at a compound annual growth rate of 6.
New York, August 25, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of "Global Calcium Silicate Insulation Material Market Analysis and Trends-Industry Forecast to 2028" report-https://www.reportlinker.com/p06127670/ ?utm_source=GNW 7%, from 2020 to 2028. Some of the outstanding trends that the market is witnessing include increasing demand for green building materials, increasing investment in infrastructure development, and increasing demand for insulation and fire protection. Global calcium silicate insulating material market: market dynamics Calcium silicate is widely used as an insulating material in various industrial-grade equipment such as blast furnaces and pipelines due to its excellent heat resistance, which is promoting market growth. Because of its passivity to fire, it is a special substitute for asbestos. If applied to cured concrete, it will react chemically to form hydrated calcium silicate, which seals the pores and makes the material impermeable. Rapid urbanization and infrastructure development, as well as the growing use of anti-caking agents in the food and beverage industry, are driving the growth of the global calcium silicate insulation market. Strict regulations on traditional insulation products are one of the key factors driving market growth. For example, the European Calcium Silicate Manufacturers Association (ECSPA) aims to help the sustainable competitive growth of the European construction products industry by promoting efficient housing and infrastructure solutions. On the other hand, low awareness of the use of insulation products may hinder profit margins. In addition, the increasing demand for green building materials will further promote the calcium silicate insulation market. The impact of COVID-19 on calcium silicate insulation Significant share. Utilization of calcium silicate insulating materials. The temporary closure of industries that use calcium silicate minerals for different purposes such as stabilizers and insulation has led to a decline in the demand and supply chain of the calcium silicate insulation market. However, the market is gradually recovering, and it will take some time for the residential and commercial construction industries to resume a stable growth trajectory. As the decline in demand will take 6-8 quarters to fully recover, it is expected that the office and retail sectors will experience a slow recovery. With the support of public expenditures, the infrastructure construction sector is expected to maintain its growth momentum. The end-user metal sector dominates the market. The metal sector is expected to have a considerable market share during the forecast period, because the vertical industry of the metal industry includes the provision of components for the manufacture of bolts and ingots in horizontal and vertical casting, such as floats, nozzles, Stopper and hot top ring. It is also used as an insulating medium for metal cladding. Calcium silicate insulation materials are used in the metal industry for aluminum, steel, ferrous metals and non-ferrous metal casting applications, such as transition plates, nozzles, floats, headboxes of continuous casters, tips of continuous casters, pipes, gates Sleeves, nozzles and feed box linings in low pressure die casting, metering/holding furnaces and hot surface linings of launders and dams. It is also used for heat insulation of liquid metal, for example, it is used for direct contact with liquid aluminum alloy to achieve metal transport, sharing and flow control. In turn, in order to achieve fire resistance, the steel structure is covered with calcium silicate to provide insulation. The Asia-Pacific region leads the global market by geographic location. It is expected that during the forecast period, due to increasing investment in developing countries and increasing manufacturing capacity in end-use industries, especially petrochemicals, power generation, transportation in emerging economies such as China and India , Metal processing and industrial infrastructure activities are on the rise. This has driven the demand for thermal insulation materials, which has made a significant contribution to the growth of the calcium silicate thermal insulation materials market in the region. Due to its continuous development of industrialization and low-cost manufacturing technology, China is a major market in the Asia-Pacific region. Since production costs in this region are lower than in other regions, most of the major players operating in the calcium silicate insulation market have production capacity in the Asia-Pacific region. The list of major players in the market includes: • Litecore A/S • A&A Material Corporation • BNZ Materials • Skamol • Beijing Hocreboard Building Materials Co., Ltd. • Sanle Group • Nippon Keical • Ramco Industries • Johns Manville • Shine Technology Co.. Ltd • Taisyou International Business Co. Ltd. • Mowco Products • Nichias Corporation • Guangdong New Element Building Materials Co., Ltd. • Soben International • Ningbo Jardine Green Board Co., Ltd. The market analysis region/country list includes: North America • America • Canada • Mexico and Europe • Germany•UK•Italy•France•Spain•Rest of Europe Asia Pacific•China•Japan•India•Australia•New Zealand•Rest of Asia-Pacific Middle East•Saudi Arabia•UAE•Rest of Middle EastLatin America•Argentina•Brazil•Other regions of Latin America Rest of the World (RoW) • South Africa • Other Read the full report: https://www.reportlinker.com/p06127670/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________
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